posted in Technology
Reddit stock collapses 23% as AI eats away at user growth
cross-posted from: lemmy.world/post/50164893
finance.yahoo.com/technology/ai/articles/reddit-stock-collapses-23-ai-200638599.html
Yahoo FinanceReddit Stock Collapses 23% as AI Eats Away at User GrowthReddit delivered strong earnings, but the numbers beneath the surface tell a different story. Slowing logged-in user growth and AI-powered search could threaten the platform's long-term value.
Nothing in the article about user experience at all, maybe I’m crazy for thinking that’s a big part of the problem.
Replying to @EmilieEasie@fedinsfw.app
They don’t care about user experience, they care about monetising the content that already exists.
They being Reddit or the article, dealers choice
The article specifically says slow growth of logged in US users is the reason that the stock fell, not because of lack of opportunities to monetize content. Revenue is up year over year. They just give a different reason for users turning away.